Is Eldorado Gold (EGO) One of the Best Gold Mining Companies to Invest In Now?

Group 1: Company Overview - Eldorado Gold Corporation (NYSE:EGO) is recognized as one of the best gold mining companies to invest in currently [1] - The company focuses on gold and base metals production, with operations in Turkey, Canada, and Greece [6] Group 2: Price Target and Ratings - RBC Capital increased its price target on Eldorado Gold from $38 to $47 while maintaining a Buy rating [1] - BofA Securities raised its price target from $28 to $29 but reiterated an Underperform rating due to risks associated with the Skouries project [6] Group 3: Gold Price Outlook - BofA Securities expects gold prices to rise sharply, potentially reaching $5,000 per ounce by 2026, with a possibility of hitting $7,000 if the market mirrors the 2000s bull cycle [2][3] - The firm views gold as a top trade for 2026, anticipating a return of about 10% [3] Group 4: Reserve Update - Eldorado Gold increased its total proven and probable gold reserves by 5% year-over-year, reaching 12.5 million ounces, primarily driven by the Kisladag mine and the Lamaque Complex [5]